Practice questions Set 3 - 2009

Practice questions Set 3 - 2009 - RSM 100 Introduction to...

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RSM 100 – Introduction to Commerce October, 2009 Practice Questions - Set No. 3 – on lecture from October 7. The following are examples of questions asked on previous tests. Choose the best answer – there is no penalty for guessing. Answers will be posted in several days. 1. Which of the following is generally NOT among the inputs in the aggregate economy’s ‘production function’: a. technological change b. labour c. capital d. research and development e. land 2. Which of the following is most likely to add to the growth of labour productivity, but not to the growth of total factor productivity: a. the growth of the labour force b. the growth of the capital stock c. improvement in the education system d. higher research and development expenditures e. none of the above; all add to both labour productivity and total factor productivity 3. The ‘Baby Boomers’, as they have gotten older, have gradually switched from downhill skiing to cross-country skiing. This is an example of a. ‘Age specific’ spending patterns b. ‘Cohort specific’ spending patterns
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Practice questions Set 3 - 2009 - RSM 100 Introduction to...

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